To receive information from the Cabinet Member for Finance, Performance and Democracy and Strategic Director of Finance and Governance concerning the latest position on the policy and resources strategy 2022-23 following the report received by cabinet on the 7 December 2021 and the provisional local government finance settlement for 2022-23 published by the Department for Levelling Up, Housing and Communities on 16 December 2021.
Note: The overview and scrutiny committee budget scrutiny (cabinet member interviews) is scheduled to take place on Monday 24 January 2022, 10.00am.
The committee received a presentation from Councillor Rebecca Lury, Cabinet Member for Finance, Performance and Democracy and Duncan Whitfield on the financial remit 2022/23 outlining information relating to:
· The 2020-21 outturn position
· National and local factors
· Financial remit as at June 2021
· Outcome of the spending review
· Anticipated budget gap
· Funding assumptions for 2022-23
· Commitments and growth
· Provisional local government finance settlement
· Estimated 2022-23 budget
· Budget setting timetable
The committee asked questions of the cabinet member and strategic director following the presentation.